The historic Flatiron building has a new majority owner- The Sorgente Group. The Sorgente Group is headed by Italian real estate mogul Valter Mainetti. Mainetti's purchase is proof that he has a keen eye for lucrative investment opportunities that are opening up in the U.S. due to the country's current economic downturn. According to the UK newspaper, "The Independent," Valter Mainetti said the following about his acquisition: "With the cheap dollar, it made sense. The stability of the New York real estate market is unique. This current crisis will pass, and the dollar will re-establish itself. We are confident."Mainetti isn't the only foreign investor eying lucrative New York City landmarks. The Independent also reveals that investors form Abu Dhabi are chomping at the bit to acquire the Chrysler Building.
[SIDEBAR: Currently 1 Euro = 1.5401 U.S. Dollars]
2 comments:
This is a step in the direction of One Country, one universal leader.
Once the economy of all the major countries is pulled together, the next step will begin.
People from all over the world can own a part of the big apple, but African Americans have yet to have a substancial Museum of African History, or any other skyscraper.
Post a Comment